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Technology Stocks : StorageNetworks, Inc. (STOR) -- Ignore unavailable to you. Want to Upgrade?

To: Nicholas P. Acquaviva Jr. who wrote (176)	3/2/2003 4:41:25 PM
From: Crossy	Read Replies (1) \| Respond to of 187

Nick, I still have my STOR position due to the fact that they are trading below cash per share. They changed their business model so it'S hard to predict much here around. If you look at last quarterly statement all they did was writing down assets. EBTIDA was positive. If a company in transition like STOR trades under cash and I hold it I won't sell. Expectations are undefined for now. The ball is in the hands of STOR - to put their money to PRUDENT use. They were musing about a software strategy. That would make sense. Software is doing better than most other segments. We will need some time to find out. While STOR should still be EBTIDA positive, don't expect miracles in the short term.. rgrds CROSSY